The S&P/ASX 200 Index (ASX: XJO) has just hit 7,600 points today so far after another session of pleasing gains. At the time of writing, the ASX 200 has added another 0.45% and is sitting at just over 7,600 points.
But let’s dive a little deeper into these market moves by taking a look at the shares topping the ASX 200’s volume charts right now, according to investing.com.
The 3 most-traded ASX 200 shares by volume this Thursday
BHP Group Ltd (ASX: BHP)
The Big Australian is not an ASX 200 share that often graces this list. But here we are. So far today, a hefty 9.96 million BHP shares have swapped hands. This comes after the mining giant delivered its quarterly operational update this morning covering the three months to 31 March.
As my Fool colleague James ent through, this update didn’t seem to fulfil all investors’ expectations. This is further evidenced by BHP’s nasty 2.6% drop today to just under $51 a share at the time of writing. It’s this combination that has probably led to some higher-than-normal trade volumes for the miner.
Alumina Limited (ASX: AWC)
Another ASX 200 resources share in Alumina is next up. This aluminium producer has had a notable 11.62 million shares change owners so far today. There has been no news out of Alumina itself.
However, Alumina’s partner, the US-based Alcoa, has just reported its own set of quarterly earnings as well. Investors don’t seem too impressed though, given that the Alumina share price is currently down a depressing 3.6% at $1.88 a share. It’s this steep drop that is likely the cause of the elevated trading volumes we are seeing.
Telstra Corproation Ltd (ASX :TLS)
ASX 200 telco Telstra is our third and final share to take a gander at this Thursday. So far today, a sizeable 13.06 million Telstra shares have been bought and sold on the markets. In this case, there are no news or announcements out of the company to speak of at all, save for a routine share buyback notice.
So it could be some share buybacks, as well as the 0.4% gain Telstra has notched so far today to $4.04 a share, which could be behind this high volume of shares that have been traded thus far
The post Here are the 3 most heavily traded ASX 200 shares on Thursday appeared first on The Motley Fool Australia.
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More reading
- Why Australian Ethical, BHP, Endeavour, and Megaport shares are tumbling today
- Why is the CBA dividend so low compared to the other ASX 200 banks?
- Here’s why the BHP share price is tumbling lower today
- ASX 200 midday update: BHP, Megaport, and Zip release Q3 updates
- What is the Betashares Geared Australian Equity Fund and is it worth buying?
Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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